OTC: EACO

Bisco also provides customized services and solutions for a wide range of production needs, including special packaging, bin stocking, kitting and assembly, bar coding, electronic requisitioning, and integrated supply programs, among others.

Divisions

Bisco Industries

Bisco sells a broad spectrum of products that it offers to many markets, but primarily sells to original equipment manufacturers (“OEMs”). While historically, the substantial majority of Bisco’s revenues have been derived from the Bisco Industries division, Bisco has also established additional divisions that specialize in specific industries and products. Bisco believes that the focus by industry and/or product enhances Bisco’s ability to provide superior service and devise tailored solutions for its customers.

National-Precision

The National-Precision division primarily sells electronic hardware and commercial fasteners to OEMs in the aerospace, fabrication and industrial equipment industries. National-Precision seeks to be the leading global distributor of mil-spec and commercial fasteners, hardware and distribution services used in production.

Fast-Cor

The Fast-Cor division was established to be a distributor’s source for a broad range of components and fasteners. Fast-Cor has access to the entire inventory of products that Bisco offers but primarily focuses on selling to other distributors, not manufacturers.

Customers and Sales

Bisco’s customers operate in a wide variety of industries and range from large global companies to small local businesses. Bisco strives to provide exceptional service to all customers, including smaller businesses, and continues to focus on growing its share of that market.

As of August 31, 2025, Bisco had more than 10,000 customers. Bisco has a diverse customer base, and no single customer accounted for more than 10% of Bisco’s revenues for each of the fiscal years ended August 31, 2025 or 2024. For each of the fiscal years ended August 31, 2025 and 2024 (“fiscal 2025” and “fiscal 2024,” respectively), Bisco’s top 20 customers represented in the aggregate approximately 17.5% of Bisco’s revenues.

Bisco generally sells its products through its sales representatives in its 51 sales offices located in the United States and Canada and one additional sales office in the Philippines. Bisco also intends to open an additional sales office in Chihuahua, Mexico in December 2025. Customers can also purchase products through Bisco’s website. Bisco currently maintains seven distribution centers located in Anaheim and San Jose, California; Dallas, Texas; Chicago, Illinois; Boston, Massachusetts; Atlanta, Georgia; and Toronto, Canada. Each of Bisco’s selling facilities and distribution centers are linked to Bisco’s central computer system, which provides Bisco’s management and salespersons with online, real-time data regarding inventory levels throughout Bisco and facilitates control of purchasing, shipping and billing. Bisco generally ships products to customers from one of its seven distribution centers, based on the geographic proximity to the customer and the location of the available ordered products.

Bisco sells its products primarily in the United States, Canada, and countries within Asia and Europe. Bisco’s international sales represented 11.1% and 10.7% of its total sales in fiscal 2025 and fiscal 2024, respectively. Sales to customers in Canada accounted for approximately 26.1% and 26.5% of such international sales in fiscal 2025 and fiscal 2024, respectively. Sales to customers located within Asia accounted for approximately 41.9% and 39.9% of such international sales in both fiscal 2025 and fiscal 2024, respectively. Sales to customers in other countries accounted for approximately 32.0% and 33.6% of such international sales in fiscal 2025 and fiscal 2024, respectively.

Suppliers

As of August 31, 2025, Bisco offered products from over 325 manufacturers. The Company’s authorized distributor agreements with most of its manufacturers are typically cancelable by either party at any time or on short notice. While Bisco does not manufacture its products, it does perform kitting and packaging of existing products for certain of its customers. Bisco believes that most of the products it sells are available from other sources at competitive prices. No single supplier accounted for more than 10% of Bisco’s purchases in fiscal 2025 or fiscal 2024.

Human Capital Resources

As of August 31, 2025, the Company had 644 full-time employees, which included 429 sales and marketing employees, 97 management, administrative and finance employees, 66 warehouse and fulfillment personnel and 52 supply chain management employees. None of our employees are subject to a collective bargaining agreement.

A key element of our business strategy is to expand our operations and revenues by opening additional sales offices in new geographic locations, and we plan to hire additional sales personnel to support such new offices. We believe we have been successful in attracting and retaining qualified sales personnel for these new positions. The Company has been able to attract and retain employees by offering competitive compensation package, including health care benefit and wellness programs for employees, and providing diversity and team building activities. We believe an innovative workforce needs to be diverse and leverage the skills and perspectives of a wealth of backgrounds and experiences.

Compliance with Government Regulations

We are not aware of the need for any government approvals for our products. Because we use contract manufacturers, any laws regarding the manufacturing of the products we distribute will typically be the responsibility of our contract manufacturers. Prior to entering into any contracts with new manufacturers, we typically conduct due diligence to determine that the manufacturer has satisfied all such requirements. We do not believe that we are subject to any state or federal environmental laws.

Available Information

Currently our common stock is quoted on OTCID marketplace. We file annual reports, quarterly reports, and other information with the SEC under the Securities Exchange Act of 1934, as amended.

You can inspect and obtain a copy of our reports, proxy statements and other information filed with the SEC at the offices of the SEC’s Public Reference Room at 100 F Street N.E., Washington, D.C. 20549, or call the SEC at 1-800-732-0330 for further information. The SEC maintains an internet website at http://www.sec.gov where you can access copies of most of our SEC filings.